At It Again: Dimon Breaks Vow, Says Bitcoin Buyers Are Stupid

[fabiorem]

Honestly, a lot of corporations and larger investors are probably spreading bad news in order to buy a dip that they create themselves. They're just trying to make more money by manipulating the market with the value of their words.

This can be detrimental to their reputation in the long term, as their "predictions" and "counsels" might not work. Who will trust him for financial counsel if bitcoin is always going up?

Maybe they are predicting the doomsday of the banking system and just want to make a fortune being whales in the new economy. In this way they keep their status and power, while the current banking structure collapses.

[the_poet]

At the start of 2017 bitcoin was 15bn dollar . now it's 50.
He's a ignorant see the rise of this. He thinks for 5 years it will be always 50 billion dollar market. lol.

It's not 50 billion, today's BTC market cap is almost twice that ($95 billion).

[Kemarit]

At It Again: Dimon Breaks Vow, Says Bitcoin Buyers Are Stupid and Will 'Pay the Price'
https://www.cnbc.com/2017/10/13/jamie-dimon-says-people-who-buy-bitcoin-are-stupid.html

His daughter, who bought 2 bitcoins, is probably telling him to shut up.

And the fact that when he open his mouth and bashes it, bitcoin goes ATH. LOL. Does it mean that his daughter is stupid?

This means that bitcoin is on the right track.  Bankers are getting more and more scared and it shows.  I don't even get mad at these comments anymore.  Just look at what they say and know that the truth is the opposite of what they say.

Of course bankers are now paranoid. The threat is real. And Jamie must think another way to yank people out o bitcoin and just put our money in banks. Sadly, we are more intelligent than that Mr. Dimon. Just continue to make yourself stupid with your attacks.

At It Again: Dimon Breaks Vow, Says Bitcoin Buyers Are Stupid and Will 'Pay the Price'
https://www.cnbc.com/2017/10/13/jamie-dimon-says-people-who-buy-bitcoin-are-stupid.html

His daughter, who bought 2 bitcoins, is probably telling him to shut up.

He probably just wants the price to go down so he can put more of his money secretly into Bitcoin  

Honestly, a lot of corporations and larger investors are probably spreading bad news in order to buy a dip that they create themselves. They're just trying to make more money by manipulating the market with the value of their words.

For obvious reasons, his creating FUD but its not working anymore. His words has no substance now because he already know what they are up to. He already fool us once, we are not kids here. He can't manipulate the price so that they can get it at discounted price.

[chesthing]

I believe Warren Buffet fudded btc back in 2014 so he could buy cheap coins and maybe this guy is trying to do the same. At any rate I question the motives of every so called expert who says buying btc is a terrible idea.
The banking system won't be going away anytime soon, it will be many more years before crypto is used exclusely by the massses and isn't measured against fiat - if this happens at all.

[thejaytiesto]

This is amazing. He has talked about BTC 3 times a in row lately. He used to take years between his public declarations on bitcoin, now it's been all over the place.

He acts a like bully against bitcoin, and don't underestimate his power. This guy will run for the FED presidency. If he gets it, he will try to convince the POTUS to destroy BTC, and can cause a great deal of damage. Im sure BTC would survive long term, but an USA ban wouldn't be pretty.

[chesthing]

If they banned US exchanges that would be very bad. Coinbase, Poloniex and Bittrex are all in US. I don't see them doing that though, this isn't communist China this is a capitalist democracy so the odds are very low they will try anything like that.

[Slark]

This guy hates Bitcoin it is obvious, he stands for the old economic system - and bitcoin was created to battle this bloated FIAT/Wall Street/Banksters system.
What do you expect he would say, that BTC is fine, will be even more successful in the future and banks will fail? It is clear that BTC isn't a very appealing prospect for him.
Aking Dimon about his stance on Bitcoin is like asking Kim Jong Un whether he likes the USA or not, the answer is clear.

[malikusama]

At It Again: Dimon Breaks Vow, Says Bitcoin Buyers Are Stupid and Will 'Pay the Price'
https://www.cnbc.com/2017/10/13/jamie-dimon-says-people-who-buy-bitcoin-are-stupid.html

His daughter, who bought 2 bitcoins, is probably telling him to shut up.

Not a new thing, many people have spread negativity about bitcoin in the past to bring it down, even today many people are attempting for this through conspiracies against bitcoin. But these things don't affect bitcoins at all because bitcoin has now become much stable than before. Jamie Dimon have made a mistake through his wrong perception against bitcoin but the good thing is he realized it later.

[candy27]

At It Again: Dimon Breaks Vow, Says Bitcoin Buyers Are Stupid and Will 'Pay the Price'
https://www.cnbc.com/2017/10/13/jamie-dimon-says-people-who-buy-bitcoin-are-stupid.html

His daughter, who bought 2 bitcoins, is probably telling him to shut up.

It's totally eating him up that he's been dissing bitcoin since 2014 and it keeps going up in price.

[fabiorem]

This guy hates Bitcoin it is obvious, he stands for the old economic system - and bitcoin was created to battle this bloated FIAT/Wall Street/Banksters system.
What do you expect he would say, that BTC is fine, will be even more successful in the future and banks will fail? It is clear that BTC isn't a very appealing prospect for him.
Aking Dimon about his stance on Bitcoin is like asking Kim Jong Un whether he likes the USA or not, the answer is clear.

But Goldman Sachs is talking good about bitcoin, and they are banksters. How to explain that?

[Pab]

Looks like Dimonds recommendation works opposite way,he is not any kind of trader,his whale lost 3 bln dollars in 15 min on derivative trading.As long he has negative views btcis rising,if he will change his mind maybe it will be like red flag

[gentlemand]

I believe Warren Buffet fudded btc back in 2014 so he could buy cheap coins and maybe this guy is trying to do the same. At any rate I question the motives of every so called expert who says buying btc is a terrible idea.
The banking system won't be going away anytime soon, it will be many more years before crypto is used exclusely by the massses and isn't measured against fiat - if this happens at all.

I can well believe Warren Buffet meant what he said. He didn't invest in a single tech stock until recently, and even now it's only Apple and IBM, so why on Earth would he leapfrog all of that and dive straight into something as outrageously fringe as BTC?

[xypos]

Looks like Dimonds recommendation works opposite way,he is not any kind of trader,his whale lost 3 bln dollars in 15 min on derivative trading.As long he has negative views btcis rising,if he will change his mind maybe it will be like red flag

Yeah, the thing is that he thinks his daughters are being cocky just because they made some profits on bitcoin. This is just completely BS. His daughters have probably made better percentage returns than his entire company.

His words have no effects on bitcoin price now. Price is still going strong.

Nobody should take him seriously.

[machinek20]

Well, I think he is the one that stupid, nothing in this world that ever rise so much in that short of time, bitcoin had proved that it can passed all the obstacle, and a lot of people become rich because of bitcoin, so it will be stupid if somebody passed this opportunity, the early adopters have been enjoy a lot of things using bitcoin, when the early adopter invested maybe they were called stupid but now everyone called them genius

[jtipt]

At It Again: Dimon Breaks Vow, Says Bitcoin Buyers Are Stupid and Will 'Pay the Price'
https://www.cnbc.com/2017/10/13/jamie-dimon-says-people-who-buy-bitcoin-are-stupid.html

His daughter, who bought 2 bitcoins, is probably telling him to shut up.

See the irony in that article, it mentions Jaime Dimon says that he won't talk about Bitcoin and still he is talking about it. I think at this point no one cares about what he says anymore, I head even JP Morgan was buying Bitcoin.

[fabiorem]

At It Again: Dimon Breaks Vow, Says Bitcoin Buyers Are Stupid and Will 'Pay the Price'
https://www.cnbc.com/2017/10/13/jamie-dimon-says-people-who-buy-bitcoin-are-stupid.html

His daughter, who bought 2 bitcoins, is probably telling him to shut up.

See the irony in that article, it mentions Jaime Dimon says that he won't talk about Bitcoin and still he is talking about it. I think at this point no one cares about what he says anymore, I head even JP Morgan was buying Bitcoin.

Yes, yes, the swedish section of his bank is buying bitcoin by the thousands. I heard his bank is even being sued by the swedish government for financial cheating.

[hase0278]

At It Again: Dimon Breaks Vow, Says Bitcoin Buyers Are Stupid and Will 'Pay the Price'
https://www.cnbc.com/2017/10/13/jamie-dimon-says-people-who-buy-bitcoin-are-stupid.html

His daughter, who bought 2 bitcoins, is probably telling him to shut up.

Its better to not pay any attention to stupid FUD makers who only thinks of bringing bitcoin price down just for them to buy cheaper.  I won't say that he is wrong because there is a chance that bitcoin price will go down and the inevitable crypto winter will come soon but I also wont say he is right, right now there is a greater chance of price rise rather than downfall.

[barota]

If they banned US exchanges that would be very bad. Coinbase, Poloniex and Bittrex are all in US. I don't see them doing that though, this isn't communist China this is a capitalist democracy so the odds are very low they will try anything like that.

I hope they ban bitfinex and coinbase and bitstamp For limited days

i want bitcoin crash

Crash is useful for everyone 

imagine 1 btc ----1000 usd next days 

[makishart]

At It Again: Dimon Breaks Vow, Says Bitcoin Buyers Are Stupid and Will 'Pay the Price'
https://www.cnbc.com/2017/10/13/jamie-dimon-says-people-who-buy-bitcoin-are-stupid.html

His daughter, who bought 2 bitcoins, is probably telling him to shut up.

See the irony in that article, it mentions Jaime Dimon says that he won't talk about Bitcoin and still he is talking about it. I think at this point no one cares about what he says anymore, I head even JP Morgan was buying Bitcoin.

Becoming such an unreliable source of information he is, isn't he? wonder how much attention he gets while uttering bullshit and always changing statement, it seem that he just trying to control the price and it's obvious, maybe he missed the pump train of bitcoin price and want to buy more, such a joke.
But well, let see how the market react to this stupid statement for once again.

[pitiflin]

At It Again: Dimon Breaks Vow, Says Bitcoin Buyers Are Stupid and Will 'Pay the Price'
https://www.cnbc.com/2017/10/13/jamie-dimon-says-people-who-buy-bitcoin-are-stupid.html

His daughter, who bought 2 bitcoins, is probably telling him to shut up.

Did people seriously think that asshole is going to shut his mouth so early? He is playing with people's minds and even a random person can figure it out. He is trying to get more bitcoin by saying bull shit about it because he thinks that people actually care about his opinions and will sell their bitcoin ,yeah you can try Jamie Dimon, things always dont work out your way.